‘On July 12, 2023 the Bank of Canada increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%’ – Bank Of Canada
General
24
Nov
Summary of TRREB MLS® Sales for the GTA and Average Price June 1 to June 30, 2023
Posted by: Croydon DeMello
Sales 7,481
Average Price $1,182,120
New Listings 15,865
24
Nov
Summary of TRREB MLS® Sales for the GTA and Average Price May 1 to May 31, 2023
Posted by: Croydon DeMello
Sales 9,012
Average Price $1,196,101
New Listings 15,194
24
Nov
Summary of TRREB MLS® Sales for the GTA and Average Price April 1 to April 30, 2023
Posted by: Croydon DeMello
Sales 7,531
Average Price $1,153,269
New Listings 11,364
24
Nov
Summary of TRREB MLS® Sales for the GTA and Average Price March 1 to March 31, 2023
Posted by: Croydon DeMello
Sales 6,896
Average Price $1,108,606
New Listings 11,184
7
Jun
Bank Of Canada Policy Interest Rate Announcement June 7, 2023
Posted by: Croydon DeMello
‘The Bank of Canada today increased its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%.’ – Bank Of Canada
13
Apr
If you are self-employed
Posted by: Croydon DeMello
Some lenders will qualify you based on the income earned from your business bank account rather than the income you declare on your CRA taxes. This gives you much more purchasing power for your home.
12
Apr
Bank Of Canada Policy Interest Rate Announcement April 12, 2023
Posted by: Croydon DeMello
‘The Bank of Canada today held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%.’ – Bank Of Canada
5
Apr
Personal Credit Score and Report
Posted by: Croydon DeMello
Your credit score and report can affect your mortgage approval and interest rate.
Maintain track of your credit score and liabilities reported to ensure accuracy and to give you insight to increase your score if needed.
You can visit https://www.consumer.equifax.ca/personal/ to get a copy of your credit score and report.
There are lenders than can accommodate a variety of credit profiles
4
Apr
The Underused Housing Tax
Posted by: Croydon DeMello
The Underused Housing Tax is an annual 1% tax on the ownership of vacant or underused housing in Canada that took effect on January 1, 2022. The tax usually applies to non-resident, non-Canadian owners. In some situations, however, it also applies to Canadian owners – Government of Canada